The shift in policy in China could be a signal that authorities...
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MS Amlin launches new credit and political risk offering in MENA, eyes India and Africa opportunities
“We see exciting opportunities in India, and on the African...
Jan1 Renewals: Hannover Re’s Asia-Pacific premium growth remains modest
"Adequate prices and conditions continue to be indispensable for...
Shippers rerouted vessels as China began military drills around Taiwan
The Taiwan Strait is a key route, with almost half of the global container fleet passing through the waterway this year. The disruption is just the latest inconvenience for supply chains, which have been reeling since the start of the pandemic and Russia’s invasion of...
Airlines scrap, reroute flights as China fires live missiles in drills near Taiwan
The airspace involved is comparatively small, but the disruption from the largest military exercises by China in the area since it fired missiles off the coast in 1996 is hampering travel between Southeast Asia and Northeast Asia SEOUL: Airlines have cancelled flights...
U.S. to declare monkeypox public health emergency
Cases have crossed 6,600 in the United States, as of Wednesday's data Washington: U.S. President Joe Biden's administration plans to declare the monkeypox outbreak a public health emergency as soon as Thursday, the Washington Post reported, citing unidentified...
AM Best maintains stable outlook on Malaysia’s non-life insurance segment
Malaysia's non-life gross written premium rose by 4.0% to MYR 21.97 billion (USD 4.95 billion) in 2021, 44% of which was driven by the general takaful segment. AM Best is maintaining a stable market segment outlook on the Malaysian non-life insurance industry due to...
Sun Life to sell its UK business to Phoenix Group
Sun Life UK manages life and pension policies and annuity blocks for UK Clients. The company is closed to new sales and has been operating as a run-off business in the life and pension policies segment since 2001 Headquartered in London, Phoenix Group is the UK's...
UK regulators approve a second Lloyd’s Protected Cell Company building on the success of London Bridge Risk
Lloyd’s members and managing agents will be able to use the new vehicle to manage their capital and risk management requirements by attracting new sources of capital and reinsurance protection. London: Lloyd’s today announced that it has received regulatory approval...
Global investment in InsurTech at $2.41 billion in Q2 2022, drops 50% over Q2 2021:Gallagher Re
Q2 saw 40 L&H(Life & Health) investments of $918 million, up 12.4%, and 92 P&C InsurTech deals worth $1.49 billion in total. P&C deal flow was down 13.2%, but total investment was up 5.9% on Q1, while average deal size was $20.73 million London: Global...
Swiss Re launches new insurance-linked investment advisory business, to focus on CAT bonds
Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC's) investment strategy focuses on insurance-linked securities, primarily catastrophe bonds, thus allowing investors the opportunity to access Swiss Re's capabilities in catastrophe bond investments,...
Taiwan turmoil affects shipping and global supply chain
Gas suppliers are rerouting or reducing speed on some liquefied natural gas (LNG) vessels currently en route to North Asia Shipments to Taiwan and Japan this weekend will be affected, said the sources SINGAPORE: China's announcement of military drills around Taiwan as...
$35 billion of global insured losses from natural catastrophes in H1 2022: Swiss Re
Martin Bertogg, Head of Catastrophe Perils at Swiss Re Floods in South Africa as well as in India, China and Bangladesh further confirm the growing loss potential from floods in urbanized areas globally Martin Bertogg, Head of Catastrophe Perils at Swiss Re, said:...